Sanjay Manchanda is a refreshing change from those who were previously running Nakheel and brought it to ruin.

Real Estate is a simple business but it's an unforgiving business.

2+2 is always 4 and never 22. Never has been and never will be! Sanjay Manchanda knows that. He also knows Nakheel has a very long way to go before it's able to get over its customer relations and financial management fiascos and salvage even a small measure of credibility.

The first order of business for Sanjay Manchanda this year should be to fire his spin advisors, who have led him down a woeful path of confrontation and hectoring. He presides over a company that single-handedly destroyed Dubai's reputation yet he continues to tell investors it is their indaba that he can't pay bills of finish projects. By being aggressive and insensitive he has drawn the battle lines, and the media will be unforgiving, even when he turns a profit.